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Precious Metals Manipulation: Lawyers Prepare for Battle

"Its impossible for me to believe the stupidity of those still buying gold and commodities. The bell has rung and the heavens have lit up. ITS OVER!!! "

Hey all you deflationist out there. I suggest you pull out those $100 bills you've been stuffing under your mattresses and take a close hard look at them. Notice anything different over the last twenty years.

I'll give you a clue, its in the serial numbers.

When the serial number on bars of gold start increasing at the same rate as the serial number on the $100USD, I'll call the gold bull over

Until then enjoy you're paper bonds, stocks and dollars. I guess at the end of the day you'll always have one advantage over us gold bugs. You can always burn your paper notes to keep warm in the winter.

Is the Price of Gold Artificially Depressed?

JBP on the surface one share of GLD equals 1/11th of an ounce of gold in their storage. However underneath the surface in the prospectus is a lot of strange statements about what they mean by "gold in their storage"

Could be tinfoil hat stuff, could be legitimate. In the end I don't really know,only JPMorgan does. And its because of that "I don't know" part that I always say if you want to buy Precious metals as a long term investment, buy physical. Its the only way you'll know what you actually have

If you want to buy short term to flip on the swings buy the stocks

As for the Confiscation issue, I'm Canadian, and so far I don't have to worry about it. As for you Americans, I guess it comes down to how you feel about it. A possible alternative is off shore stuff like Buillion Vault account (UK), or Kitco Pools (CAN). But there are Patriot Act issues with this as well so it all comes down to how much your trust your government

Is the Price of Gold Artificially Depressed?

Gold stocks are still paper. So is GLD. Buy physical for investment. Buy stocks for gambling.


Bird in the hand is worth two in the bush.